sUSDat / AUSD on Ethereum
A Morpho market on Ethereum where people borrow AUSD against sUSDat. A loan can be liquidated once it reaches 86% of the collateral's value. Lenders earn 9.54% a year and borrowers pay 11.05% right now.
Data from Morpho's API · updated
Borrow APY
11.05%
30-day average 12.56%
Supply APY
9.54%
30-day average 11.05%
Supplied
$6.52M
6.52M AUSD
Borrowed
$5.67M
87.0% utilization
Available to borrow
$847K
free liquidity right now
Collateral posted
$13.22M
12.96M sUSDat
sUSDat / AUSD rate history
Average supply and borrow APY for each day
Borrow APY Supply APY
| Day | Supply APY | Borrow APY | Utilization |
|---|
Utilization
sUSDat / AUSD interest rate curve
What borrowers would pay at each utilization level, with today's settings
Borrow APY Supply APY
At the 90% target, borrowers pay 11.34% right now. Below it the rate falls to as little as a quarter of that; above it, it climbs to four times that when the market is fully borrowed. The curve itself also moves: while utilization stays above 90% the whole curve drifts up, and below 90% it drifts down. How Morpho interest rates work.
Liquidation map
How much sUSDat collateral could be liquidated if its price fell by each amount
Based on today's loans and today's sUSDat price in AUSD. Borrowers who repay or add collateral move these numbers every day.
Risk settings
| Liquidation LTV (LLTV) | 86%fixed for the life of the market |
|---|---|
| Liquidation bonus | 4.38%extra collateral a liquidator receives |
| sUSDat price in AUSD | 1.02 AUSD |
| Oracle | ChainlinkOracleV20x78e1…b23A |
| Price feeds | 0xD166…2Df7 |
| Market fee | Noneshare of interest taken by the protocol |
Details
| Loan asset | AUSDprice $0.9999 |
|---|---|
| Collateral | sUSDatprice $1.0206 |
| Borrowers | 28 |
| Created | April 9, 2026 |
| Market ID | 0x582fdc41…e15065 |
| Rate model | 0x870a…00BC |
| sUSDat token | 0xD166…2Df7 |
| AUSD token | 0x0000…012a |
Vaults lending here
$491K of the $6.52M supplied comes from these vaults
| Vault | Lent here |
|---|---|
| Flowdesk AUSD RWA StrategyV2lends directly | $491K |
Largest borrowers
28 open loans in this market
| Address | Borrowed | Health |
|---|---|---|
| 0x1F9F…E0B9 | $5.43M | 2.05 |
| 0xa1D9…930e | $103K | 1.21 |
| 0x031F…b220 | $74.0K | 1.77 |
| 0x80FD…dCc1 | $56.3K | 1.21 |
| 0x1943…337c | $1.1K | 1.42 |
| 0x0197…8812 | $612 | 1.07 |
| 0xE712…40B9 | $205 | 37.81 |
| 0xb5e3…7653 | $86.00 | 1.88 |
| 0xc17A…9C65 | $42.00 | 15.92 |
| 0xaf0F…e92e | $18.00 | 26.91 |
Health is collateral value times the LLTV, divided by the debt. Below 1.00 a loan can be liquidated.
Recent liquidations here
None recorded in the last 90 days
| When | Debt repaid | Transaction |
|---|---|---|
| $594594.00 AUSD | 0x2d99…5088 | |
| $60.7060.71 AUSD | 0x6a6a…f30c |
About the sUSDat / AUSD market
The sUSDat / AUSD market on Ethereum was created on April 9, 2026. Anyone can lend AUSD into it, and anyone holding sUSDat can borrow that AUSD against it, up to a loan-to-value of 86% (its LLTV), where liquidation starts. Prices come from Chainlink-style price feeds.
Right now $6.52M is supplied and $5.67M borrowed, so 87.0% of the market is in use, backed by $13.22M of sUSDat from 28 borrowers. Borrowers pay 11.05% a year, 12.56% on average over the last 30 days. Lenders earn 9.54%.
1 listed vault lends here, providing $491K of the supply; the largest is Flowdesk AUSD RWA Strategy. Liquidators who close an unsafe loan here receive a 4.38% bonus in sUSDat. If sUSDat fell 20% against AUSD, about $224K of collateral would be at risk of liquidation.
sUSDat / AUSD on Ethereum: quick answers
What is the AUSD borrow rate against sUSDat on Morpho Ethereum?
In this market it is 11.05% a year right now, and it averaged 12.56% over the last 30 days. The rate is variable: it follows how much of the market's AUSD is borrowed, rising quickly above 90%.
When is a sUSDat / AUSD loan liquidated?
When the loan reaches 86% of the collateral's value (the market's LLTV). A liquidator then repays part of the debt and takes sUSDat worth 4.38% more than it repaid. For example, a loan of half the collateral's value today would be liquidated if sUSDat fell to about 0.593 AUSD.
How much AUSD can be borrowed here right now?
$847K is free in the market. Borrowing more than that would have to wait for repayments or new lenders.
What do lenders earn in the sUSDat / AUSD market?
Lenders earn 9.54% a year right now (11.05% averaged over 30 days). Most lend through vaults, such as Flowdesk AUSD RWA Strategy, which spread deposits across several markets.
More ways to borrow against sUSDat
Other loan assets with sUSDat as collateral
| Market | Supply APY | Borrow APY |
|---|---|---|
| sUSDat / USDCEthereum · LLTV 91.5% | 9.12% | 10.06% |
